97 Million Full-Time Workers Are Now Living Paycheck to Paycheck

A staggering number of full-time workers are living paycheck to paycheck

According to the latest survey, conducted on CareerBuilder's behalf by Harris Poll, 78% of U.S. full-time workers are now living paycheck to paycheck, up from 75% in 2016, to make ends meet. If we utilize full-time employment data from the Bureau of Labor Statistics in 2016 (123.8 million full-time workers), it means about 97 million of those full-time workers are living paycheck to paycheck. That includes 23% who said they always lived paycheck to paycheck, 17% who claimed they usually do, and 38% who noted that they sometimes do.

What was particularly interesting about CareerBuilder's survey is that well-to-do individuals weren't free of financial issues. Roughly 9% of workers making $100,000 or more annually was living paycheck to paycheck, and 59% of these highest-income folks were carrying around debt. In the middle-income to middle-upper-income bracket of $50,000 to $99,999 in annual income, 28% were living paycheck to paycheck, and 70% were in debt.

Debt itself proved to be a major issue for a majority of workers, regardless of their income -- and it's a big reason workers are struggling to save money. Just 19% of workers surveyed admitted to saving more than $501 monthly, while at the other end of the spectrum, 56% were saving less than $100 a month, including 26% with no monthly savings whatsoever.

When questioned, less than a third (32%) of respondents admitted to following a detailed monthly budget, and a number of respondents refused to give up certain luxuries, despite their financial woes. For example, 54% refused to give up their internet connection, 53% wouldn't give up their mobile device, and 48% wouldn't stop driving, to lower their monthly expenses and save money.

In all, the American labor force is in a sad state, financially.

"It's a Free Country."
"They hate us for our Freedoms."
"The troops are protecting your Freedom."

Women have tremendous spending power in America today—and it’s growing. Market estimates about their total purchasing power varies, ranging anywhere from $5 trillion to $15 trillion annually. And the scope of that spending is notably vast. Fleishman-Hillard Inc. estimates that women will control two-thirds of the consumer wealth in the U.S. over the next decade and be the beneficiaries of the largest transference of wealth in our country’s history—compelling insight for anyone curious about who’s keeping the U.S. economy going these days.

In addition to handling the bulk of the purchasing decisions for consumer goods in the U.S., they’re also likely to influence or manage many other big ticket purchases—homes, autos, appliances, furniture, etc.—not to mention a large portion of the apparel, groceries and everyday purchases.

In recent elections, voter turnout rates for women have equaled or exceeded voter turnout rates for men. Women, who constitute more than half the population, have cast between four and seven million more votes than men in recent elections. In every presidential election since 1980, the proportion [of] female adults who voted has exceeded the proportion of made adults who voted.

In recent elections, voter turnout rates for women have equaled or exceeded voter turnout rates for men. Women, who constitute more than half the population, have cast between four and seven million more votes than men in recent elections. In every presidential election since 1980, the proportion [of] female adults who voted has exceeded the proportion of made adults who voted.

Women have tremendous spending power in America today—and it’s growing. Market estimates about their total purchasing power varies, ranging anywhere from $5 trillion to $15 trillion annually. And the scope of that spending is notably vast. Fleishman-Hillard Inc. estimates that women will control two-thirds of the consumer wealth in the U.S. over the next decade and be the beneficiaries of the largest transference of wealth in our country’s history—compelling insight for anyone curious about who’s keeping the U.S. economy going these days.

In addition to handling the bulk of the purchasing decisions for consumer goods in the U.S., they’re also likely to influence or manage many other big ticket purchases—homes, autos, appliances, furniture, etc.—not to mention a large portion of the apparel, groceries and everyday purchases.

In other news, correlation doesn't equal causation. What more and more people living pay cheque to pay cheque has to do with women having more spending power is beyond me. Btw, there are also more women in society than me, women might make up more of the grocery, back to school shopping runner etc but the majority of the time, it is still the men that control the money.

In terms of earning, men still make way more than women and no I don't think it is due to gender pay discrimination.

Evil is evil. Lesser, greater, middling…makes no difference. The degree is arbitrary. The definition’s blurred. If I’m to choose between one evil and another, I’d rather not choose at all.Geralt of Rivia

You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power.Aleksandr Solzhenitsyn

The typical man with a full-time job–the one at the statistical middle of the middle–earned $50,383 last year, the Census Bureau reported this week.

The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation.

Well, there are more women in the work force in 2914 than they were in 1973. Some of the industries men dominated have downsized and industries women dominated have seen growth. But the bigger question is this, how is any of this women's doing?

Evil is evil. Lesser, greater, middling…makes no difference. The degree is arbitrary. The definition’s blurred. If I’m to choose between one evil and another, I’d rather not choose at all.Geralt of Rivia

You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power.Aleksandr Solzhenitsyn

When questioned, less than a third (32%) of respondents admitted to following a detailed monthly budget, and a number of respondents refused to give up certain luxuries, despite their financial woes. For example, 54% refused to give up their internet connection, 53% wouldn't give up their mobile device, and 48% wouldn't stop driving, to lower their monthly expenses and save money.

I wouldn't consider webbernet so much a "luxury" anymore. Plenty of employers assume you have ready access to it, and using public wi-fi isn't safe for certain things. Plus many companies are nowadays just putting their product manuals on the webbernets because it's cheaper and easier. I suspect a "luxury" connection would be part of a cable TV bundle.

Originally Posted by Torchbearer

what works can never be discussed online. there is only one language the government understands, and until the people start speaking it by the magazine full... things will remain the same.

Hear/buy my music here"government is the enemy of liberty"-RPEphesians 6:12 (KJV)For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

What was particularly interesting about CareerBuilder's survey is that well-to-do individuals weren't free of financial issues. Roughly 9% of workers making $100,000 or more annually was living paycheck to paycheck, and 59% of these highest-income folks were carrying around debt. In the middle-income to middle-upper-income bracket of $50,000 to $99,999 in annual income, 28% were living paycheck to paycheck, and 70% were in debt.

SUNNYVALE (CBS SF) – Even in the real estate craziness of the Silicon Valley, the sale of a modest four-bedroom home in a quiet Sunnyvale neighborhood has stirred up quite a buzz.

While it’s not unusual for bidding wars to erupt over homes in the Bay Area and over-asking offers are more the norm than the exception, what happened at 1129 Prunelle Court has raised the anxiety of many home buyers.

The home was listed for $1,688,000 and when it finally closed seven days later, it sold for $2,470,000. Bidding for the home had become quite heated as 20 different buyers put in offers.

Twitter: B4Liberty@USAB4L"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

* Enforce Border Security – America should be guarding her own borders and enforcing her own laws instead of policing the world and implementing UN mandates.

* No Amnesty - The Obama Administration’s endorsement of so-called “Comprehensive Immigration Reform,” granting amnesty to millions of illegal immigrants, will only encourage more law-breaking.

* Abolish the Welfare State – Taxpayers cannot continue to pay the high costs to sustain this powerful incentive for illegal immigration. As Milton Friedman famously said, you can’t have open borders and a welfare state.

* End Birthright Citizenship – As long as illegal immigrants know their children born here will be granted U.S. citizenship, we’ll never be able to control our immigration problem.

This is a beachhead for wealthy immigration from Asia. Some pay cash, others have no problem taking out massive loans, as their backup plan is to flee back home if prices drop. Part of it is the job market, but more than anything it is overcrowding.

Ironically, the local leftists blame this on jobs and high tech companies. While that is part of the reason for increased demand, they completely ignore immigration as a cause. They would rather not have jobs.

Last edited by Brian4Liberty; 09-14-2017 at 09:29 AM.

Twitter: B4Liberty@USAB4L"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

This is a beachhead for wealthy immigration from Asia. Some pay cash, others have no problem taking out massive loans, as their backup plan is to flee back home if prices drop. Part of it is the job market, but more than anything it is overcrowding.

Ironically, the local leftists blame this on jobs and high tech companies. While that is part of the reason for increased demand, they completely ignore immigration as a cause. They would rather not have jobs.

This is just not true, first of all it is not easy for foreigners to get mortgage from American banks and in the even they get one, I bet they are made to put down a good down payment on the house. Now if your argument is that these Asian investors after putting in 30% or so on an overpriced house and after fixing it up to their standards would quickly abandon their new house and leave it up to the banks when prices start to drop, why is any different from what most American family would do when they are underwater on their property and more importantly, why is this a bad thing? I ask this question cos from your posting about this subject, you make it sound like it is bad for the community.

This mindset that immigrats bringing in foreign investment to your country is somehow bad for the community needs to end.

Evil is evil. Lesser, greater, middling…makes no difference. The degree is arbitrary. The definition’s blurred. If I’m to choose between one evil and another, I’d rather not choose at all.Geralt of Rivia

You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power.Aleksandr Solzhenitsyn

The take away for me is that there is actually 123 million full time workers. MAGA!

Theye have refused their Assent to Laws, the most wholesome and necessary for the public good.

Theye have erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.

Theye kept among us, in times of peace, Standing Armies

Theye have combined with others to subject us to a jurisdiction foreign to our constitution,

For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States:

For cutting off our Trade with parts of the world:

For imposing Taxes on us without our Consent:

For depriving us in many cases, of the benefit of Trial by Jury:

Theye plundered and destroyed the lives of our people.

Theye are at this time transporting Armies of Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy of a civilized nation.

This is just not true, first of all it is not easy for foreigners to get mortgage from American banks and in the even they get one, I bet they are made to put down a good down payment on the house. Now if your argument is that these Asian investors after putting in 30% or so on an overpriced house and after fixing it up to their standards would quickly abandon their new house and leave it up to the banks when prices start to drop, why is any different from what most American family would do when they are underwater on their property and more importantly, why is this a bad thing? I ask this question cos from your posting about this subject, you make it sound like it is bad for the community.

This mindset that immigrats bringing in foreign investment to your country is somehow bad for the community needs to end.

You have no evidence that it is not true. I have seen it first hand during the last housing bubble. Chinese H1-Bs bragging about how many houses they had accumulated via no money down loans. When it burst, they just went back to China.

And yes, housing being treated like a commodity and speculation driving prices through the roof is bad for a community. Money spent on on oversized mortgages can not be spent in any other part of the economy. The point of this thread is that many people live paycheck to paycheck, and huge mortgages and high rents are some of the reasons.

Twitter: B4Liberty@USAB4L"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

This is just not true, first of all it is not easy for foreigners to get mortgage from American banks and in the even they get one, I bet they are made to put down a good down payment on the house. Now if your argument is that these Asian investors after putting in 30% or so on an overpriced house and after fixing it up to their standards would quickly abandon their new house and leave it up to the banks when prices start to drop, why is any different from what most American family would do when they are underwater on their property and more importantly, why is this a bad thing? I ask this question cos from your posting about this subject, you make it sound like it is bad for the community.

This mindset that immigrats bringing in foreign investment to your country is somehow bad for the community needs to end.

Zippy 2.0

The essential English leadership secret does not depend on particular intelligence. Rather, it depends on a remarkably stupid thick-headedness. The English follow the principle that when one lies, one should lie big, and stick to it. They keep up their lies, even at the risk of looking ridiculous.

You have no evidence that it is not true. I have seen it first hand during the last housing bubble. Chinese H1-Bs bragging about how many houses they had accumulated via no money down loans. When it burst, they just went back to China.
And yes, housing being treated like a commodity and speculation driving prices through the roof is bad for a community. Money spent on on oversized mortgages can not be spent in any other part of the economy. The point of this thread is that many people live paycheck to paycheck, and huge mortgages and high rents are some of the reasons.

Disagree. A house is a durable good. Outside FED and gov'ment manipulation, "good" is subjective. Higher market prices are "good" for existing home owners-especially those who want to borrow against the value of the home or sell soon.

Originally Posted by Torchbearer

what works can never be discussed online. there is only one language the government understands, and until the people start speaking it by the magazine full... things will remain the same.

Hear/buy my music here"government is the enemy of liberty"-RPEphesians 6:12 (KJV)For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

Disagree. A house is a durable good. Outside FED and gov'ment manipulation, "good" is subjective. Higher market prices are "good" for existing home owners-especially those who want to borrow against the value of the home or sell soon.

and move to Mars?

The essential English leadership secret does not depend on particular intelligence. Rather, it depends on a remarkably stupid thick-headedness. The English follow the principle that when one lies, one should lie big, and stick to it. They keep up their lies, even at the risk of looking ridiculous.

Move to an apartment. Not everyone is cut out for home ownership. I'm not myself, ATM. It's expensive to buy in the first place and expensive to maintain. One of the reasons for the housing bubble was precisely because people who should've been renting were getting approved for McMansions.

Originally Posted by Torchbearer

what works can never be discussed online. there is only one language the government understands, and until the people start speaking it by the magazine full... things will remain the same.

Hear/buy my music here"government is the enemy of liberty"-RPEphesians 6:12 (KJV)For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

Disagree. A house is a durable good. Outside FED and gov'ment manipulation, "good" is subjective. Higher market prices are "good" for existing home owners-especially those who want to borrow against the value of the home or sell soon.

Not good for renters and people who want to buy. Everyone needs a place to live. This is not like tulips being too expensive. And once again, money that goes to rent can not be spent in the rest of the economy.

Originally Posted by timosman

and move to Mars?

Exactly, it's a net wash for existing home owners who want to move. The new home likely will be even more expensive than the existing one.

Twitter: B4Liberty@USAB4L"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

I had a recent talk with someone on how times are hard for employees, seemingly more so than before.

One mid 40s guy was working full time advanced life support paramedic for years. Decided the $15 per hour pay wasn't enough and went to work at a box store, along with working full time as a paramedic. The box store, a Home Depot, started as part time. He's a hard worker, got a number of their Employee recognition bonuses or whatever they're called. He found after a year of work the prospect of full time was more of a carrot than actually achievable. He put out his resume again and is starting at a new company next month full time, better pay and insurances. He mentioned something like over a hundred resumes and a few months on job sites. Things have been tight around his house.

I don't know how the average European gets to take 4+ weeks vacation, I don't know many people around here who could easily afford to do that even if their job would allow that.

“…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

Not good for renters and people who want to buy. Everyone needs a place to live. This is not like tulips being too expensive. And once again, money that goes to rent can not be spent in the rest of the economy.

Sure. But as you know, prices don't go up forever in a freed market. Last I checked, an apartment is a place to live. Money going into mortgages also can't go into the rest of the economy, you know.

Originally Posted by Torchbearer

what works can never be discussed online. there is only one language the government understands, and until the people start speaking it by the magazine full... things will remain the same.

Hear/buy my music here"government is the enemy of liberty"-RPEphesians 6:12 (KJV)For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

Sure. But as you know, prices don't go up forever in a freed market. Last I checked, an apartment is a place to live. Money going into mortgages also can't go into the rest of the economy, you know.

You don't say? Oh yeah, I did say.

Originally Posted by Brian4Liberty

Money spent on on oversized mortgages can not be spent in any other part of the economy.

Twitter: B4Liberty@USAB4L"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

Well that point my be relevant in a freed market, but alas we don't live in one. Prices will forever go up with an inflationary monetary system.

Yup.

Originally Posted by Torchbearer

what works can never be discussed online. there is only one language the government understands, and until the people start speaking it by the magazine full... things will remain the same.

Hear/buy my music here"government is the enemy of liberty"-RPEphesians 6:12 (KJV)For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.